06:00 AM EST, 03/05/2026 (MT Newswires) -- Canadian Natural Resources ( CNQ ) on Thursday reported a year-over-year decline in adjusted net earnings in the fourth quarter of 2025.

Adjusted net earnings was C$1.71 billion, or $0.82 per share, down from $1.98 billion, or $0.93 per share. The result exceeded the earnings per share consensus estimate of $0.49 for the fourth quarter of 2025, as compiled by FactSet.

Adjusted funds flow was $3.75 billion, or $1.79 per share, down from $4.19 billion, or $1.97 per share.

The company produced 1.7 million barrels of oil equivalent per day, an increase from 1.5 million BOE/d.

Following the acquisition of assets in the Peace River area of Alberta, Canadian Natural is increasing its 2026 production guidance range to 1,615 MBOE/d and 1,665 MBOE/d, with the mid-point being 20 MBOE/d higher than the budget.

Canadian Natural's board approved a 6.4% increase to the company's quarterly cash dividend on its common shares to $0.625 per common share, up from the previous dividend of $0.5875 per common share.

The dividend will be payable on April 7 to shareholders of record at the close of business on March 20.